Bill > SB0039

Introduced Session

Amends the State Finance Act. Creates the Illinois Property Tax Relief Fund. Provides that moneys in the Illinois Property Tax Relief Fund shall be used to pay rebates to residential property taxpayers in the State. Provides that the Fund may accept moneys from any lawful source. Provides that the State Comptroller shall calculate a property tax rebate amount for the applicable property tax year by dividing the total amount appropriated from the Illinois Property Tax Relief Fund by the total number of homestead exemptions granted for homestead property in the State. Provides that the property tax bills of non-delinquent taxpayers who received a general homestead exemption under the Property Tax Code shall be reduced by the property tax rebate amount. Effective immediately.

AI Summary

Committee Categories

Dan Didech (D)*,  Terry Link (D)*,  Carol Ammons (D),  Jaime Andrade (D),  Jennifer Bertino-Tarrant (D),  Monica Bristow (D),  Jonathan Carroll (D),  John Connor (D),  Terra Costa Howard (D),  Rachelle Crowe (D),  Bill Cunningham (D),  Mary Edly-Allen (D),  Laura Fine (D),  Robyn Gabel (D),  Jen Gong-Gershowitz (D),  Michael Hastings (D),  Lisa Hernandez (D),  Stephanie Kifowit (D),  Joyce Mason (D),  Rita Mayfield (D),  Anna Moeller (D),  Bob Morgan (D),  Julie Morrison (D),  Marty Moylan (D),  Antonio Muñoz (D),  Diane Pappas (D),  Nathan Reitz (D),  Sue Scherer (D),  Justin Slaughter (D),  Anne Stava-Murray (D),  André Thapedi (D),  Mark Walker (D),  Maurice West (D),  Kathleen Willis (D),  Sam Yingling (D), 

Public Act . . . . . . . . . 101-0077 (on 07/12/2019)

Official Document